On 4 January 2024, the Ministry of Economy and Finance issued a notification 001 on the continued exemption, relief, and suspension of tax applicable in real estate sector.

I. Stamp Duty Tax on the Transfer of Ownership or Possessory Rights of Immovable Property

1. Continuation of the stamp duty tax exemption on the transfer of ownership or possessory rights of all types of housing in the form of Borey that values under or equal to 70,000 (seventy thousand) USD until the end of 2024.
2. Additional stamp duty tax relief on the transfer of ownership or possessory rights of all types of housing in the form of Borey that values more than 70,000 (seventy thousand) USD, allowing the deduction of 70,000 (seventy thousand) USD from the stamp duty tax base for homes purchased in housing development projects in the form of Borey, that hold a real estate business license and have been properly registered, until the end of 2024.

II. Capital Gain Tax

Continuation on the delay implementation of six types of capital gains taxes, including immovable property, lease agreement, investment assets, goodwill, intellectual property and foreign currency until the end of 2024.

III. Immovable Property Tax

For immovable property that has been registered and declared a property tax previously, with inaccurate value of land or construction, size of property or type of construction or/and the construction timeframe, is exempted from the tax re-assessment, including administrative penalties (additional tax and interest) from the year of tax implementation until 2023. From 2024 onwards, it shall implement based on the laws and regulations in force.

IV. Unused Land Tax

The unused-land tax has been suspended until the end of 2024, meaning that the owner or the occupant or final beneficiary has no obligation to declare the tax until the end of 2024.